Question

question 2
2 pts
(02.02 lc)
amanda will be 21 years old when she graduates. if the mean annual wage of her career is $35,240.00, what will her lifetime earnings be when she retires at the age of 60?
$1,374,360.00
$2,114,400.00
$5,678,325.00
$7,400,400.00

Explanation:

Step1: Calculate working - years

Find the number of years Amanda works. Subtract her graduation age from her retirement age. $60 - 21=39$ years.

Step2: Calculate lifetime earnings

Multiply the mean annual wage by the number of working - years. $35240\times39 = 1374360$.

Answer:

$1374360.00$ (corresponding to the first option in the multiple - choice list)